One of the most essential areas of US budget reform needed is an overhaul of the mathematically unsustainable Medicare system. Obamacare approached this, but largely failed, unable to dent the entrenched interests of the many ‘for profit’ sectors directing Congress. Steve Kroft investigates allegations from doctors that the hospital chain they worked for pressured them to admit patients regardless of their medical needs.Here is a direct link.
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Cory's Chart Corner
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Re: previous woodshed analog, if growth slows ylds fall, regardless of who the buyer is. h/t ZH chart. http://t.co/pfI8LGW3xi 13 hours ago
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Is this the great bond rotation or QE to the woodshed? http://t.co/FFnga32xWj 13 hours ago
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Question, where is all this flight to safety going to end up? Is this finally the great rotation? We'll know once the algo noise settles. 15 hours ago
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There’s another reason for high healthcare costs in the US. It’s illegal to import (medical) drugs from e.g. Canada & Mexico into the US. So, US drug companies can push the prices as high a they want and determine their own profit margin.
To enforce these laws there exists a computer database that can be checked by the US border patrol and contains all the drug prescriptions from doctors in the US.
And check this video:
http://market-ticker.org/akcs-www?post=211323